2025 Social Security Increase

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Social Security Increase Forecast for 2025
Dave Zoller, CFP®
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Disclosures: Securities offered through LaSalle St. Securities LLC (LSS), member FINRA/SIPC. Advisory services offered through LaSalle St. Investment Advisors LLC (LSIA), a Registered Investment Advisor. Streamline Financial Services is not affiliated with LSS or LSIA. LSS is affiliated with LSIA.

Опубликовано:

9 сен 2024

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Комментарии : 50

@dpol4883 Месяц назад

Thanks for getting to the answer in the first minute. So many people drag it out for as long as they can.

@StreamlineFinancial Месяц назад

You’re welcome!

@colonMicheal9 29 дней назад

I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.

@commonsenseisntcommon1776 25 дней назад

Let me guess 2% COLA and a 20% inflation rate.........lovely

@bmiles4131 29 дней назад

They need to raise the cap.

@dpol4883 Месяц назад

Also thanks for bringing up the 3 income risks.

@StreamlineFinancial 29 дней назад

You’re welcome!

@prairiemark4084 29 дней назад

I liked your talk. First time listener. It was not too technical or complicated and not hard to understand like some listen to. I am 70&1/2 years old. I grew up in a social environment that distrusted Social Security. But at age 60 I had a couple of online advisors who showed me how good it could be. I waited until 70 to draw and lived on my small IRA from age 64&1/2 when I quit working until age 70. My Social Security checked started out at $4,051/month and will gain another $100 soon. With my $700 pension I can live on those two things alone. Both of those have a COALA attached So my annuities and stock market will not have to yield so much. Another nice thing for me was that Social Security is divorce proof. I was faced with a surprise divorce in my late 50s and it left me with half of my resources gone but a large debt to pay off. My house, savings, stocks and annuities were largely wiped out. But my Social Security is intact.

@jpturner171 29 дней назад

Thanks Dave, One of the benefits of listening to you Dave is you do get to the point right off and don’t drag out the banner header until the end! 👍🏽 We are in a three-bucket investing approach as you have advised. I have taken the past 40 years and average it out. We plan on a 1.6% increase annually in my budgeting along with a 3.2% inflation value. PS: NO annuities.👍🏽 Semper Fi!❤️🇺🇸

@StreamlineFinancial 29 дней назад

Fantastic, JP!

@dforrest4503 29 дней назад

I DO appreciate when videos get to the point in the title and am more likely to listen to the whole video that way.

@rosieroberts6738 29 дней назад

Yes… Thank you for getting right to the point of interest!!😊

@StreamlineFinancial 29 дней назад

My pleasure!

@Jonesmatsunaga 25 дней назад

It’s about time, given how inflation has been hitting us. Every little bit helps, but I’m not sure it’s enough to cover all the rising costs.

@TheRemyRomano 29 дней назад

We do appreciate you getting to the meat of the video quickly. TikTok has greatly reduced my attention span these days.

@StreamlineFinancial 29 дней назад

lol. I hear you!

@andrewconnelly4893 28 дней назад

yes - thanks for quick update on estimated increase. More importantly, I appreciate the content about the 3 risk to retirement info - - very helpful as I plan for my retirement!

@Mary-ui4im 29 дней назад

Thanks for giving me hope as I live on Social Security only.

@StreamlineFinancial 29 дней назад

Best of luck!

@rickdunn3883 Месяц назад

Thanks for getting to the subject quickly. Great video.

@StreamlineFinancial 29 дней назад

Glad it was helpful!

@SpookyEng1 Месяц назад

Thx for getting to the point upfront!

@guzzi95 28 дней назад

Dave, I like all of your videos! Very informative, useful, etc.

@cherylcampbell7495 27 дней назад

My bills went up by $50.00 already. Last year they waited at least until November.

@nmr6988 5 дней назад

Unfortunately, the increase doesn't match the rate of inflation.

@michaelg8947 29 дней назад

Appreciate that you chose not to bury the lede.

@tonyaosborne6881 21 день назад

Good video - quick and to the point!

@isabeltorres269 2 дня назад

Thank you Dave , very helpful video .

@captainmoretokin2172 28 дней назад

I'll believe it when i see it. Just like those stimulus checks that i didn't get. My SS has been the same amount since i started receiving it 5 years ago. Maybe some get it, but i dont. I watch these type of video's whenever i'm board . Like right now. You do make it sound more believable than the other youtubers that i have watched though. Good job.

@wendykornfein3337 29 дней назад

Thank you for the update.

@StreamlineFinancial 29 дней назад

My pleasure.

@engineerfalde 29 дней назад

You get the like button for not waiting around :) not that I even needed to know what the SS increase number is :D

@StreamlineFinancial 29 дней назад

Thank you!

@floccinaucinihilipilifications 29 дней назад

Thank you!

@gli7utubeo 28 дней назад

Thanks for the history.

@Rune-Eriksen225 Месяц назад

I'm new to trading, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.

@mommaoinnh2674 28 дней назад

My annuity stops interest if I start taking monthly payments. So don’t do an annuity!

@jeffreyhall5033 22 дня назад

Not a fixed annuity. those are only with indexed or variable annuities.

@cjimcook 29 дней назад

@Streamline Financial - So what did that woman have in her conservative bucket that returned 3%? A common plan is to put several years of withdrawals in the conservative bucket in case they need to ride out a bad market. The choice is usually bonds. However, in the last several years, bonds performed just as badly as the stock market, making this strategy a failure.

@greggbixel8912 Месяц назад

How is the 3 bucket strategy any different than having a variety of mutual funds that spread risk? As long as you have funds that don’t overlap much. You can cash them out whenever you want.

@cherylcampbell7495 27 дней назад

Annuities pay a whole 2% a year. What a joke. And too many fees ML

@markbajek2541 Месяц назад

$46 a month will buy you a $1 egg mc muffin per day while they are on promo via the mc donalds app. or a $1 large soft drink , large coffee or large iced coffee depending on the taxes. Or easily cover your $3 whopper on Whopper wednesday. Heck you might even just have enough to get your daily egg mc muffin and 4 $3 whoppers per month.

@Benjaminarmstrong684 25 дней назад

Your videos were great!! I am one of your viewers and have been watching your videos lately. I would like to invest, but I still can't find the right investment to commit to. I will appreciate any help here.